Nasdaq (XSWX:NDAQ) Price-to-Tangible-Book: (As of Sep. 15, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:NDAQ Nasdaq Inc XSWX:NDAQ
91 GF Score
Price CHF74.72
GF Value CHF66.44
! 5 Warning Signs
View Full Analysis

What is Nasdaq Price-to-Tangible-Book?

As of today (2026-09-15), Nasdaq's share price is CHF74.72. Nasdaq's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was CHF-12.06. Hence, Nasdaq's Price to Tangible Book Ratio of today is .

The historical rank and industry rank for Nasdaq's Price-to-Tangible-Book or its related term are showing as below:

XSWX:NDAQ's Price-to-Tangible-Book is not ranked *
in the Capital Markets industry.
Industry Median: 1.33
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Nasdaq's share price is CHF74.72. Nasdaq's Book Value per Sharefor the quarter that ended in Jun. 2026 was CHF17.05. Hence, Nasdaq's P/B Ratio of today is 4.38.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Nasdaq Price-to-Tangible-Book Related Terms

Nasdaq Price-to-Tangible-Book Historical Data

* Premium members only.

The historical data trend for Nasdaq's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nasdaq Price-to-Tangible-Book Chart

Nasdaq Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Price-to-Tangible-Book
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Nasdaq Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

XSWX:NDAQ vs COIN, MSCI, CBOE: Price-to-Tangible-Book Comparison

For the Financial Data & Stock Exchanges subindustry, Nasdaq's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nasdaq Price-to-Tangible-Book vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nasdaq's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Nasdaq's Price-to-Tangible-Book falls into.


XSWX:NDAQ
91GF Score
Nasdaq Inc XSWX:NDAQ
Price-to-Tangible-Book is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nasdaq Price-to-Tangible-Book Calculation

Nasdaq's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Jun. 2026 )
=74.72/-12.061
=

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:

Price to Tangible Book=Market Cap/Tangible Equity
=Market Cap/(Total Stockholders Equity-Preferred Stock-Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Is Nasdaq (XSWX:NDAQ) Overvalued in 2026?

Based on GuruFocus' analysis, Nasdaq stock appears to be overvalued. The current stock price of CHF74.72 is trading 12.5% above its estimated GF Value™ of CHF66.44.

Key valuation signals for XSWX:NDAQ:

  • Price-to-Tangible-Book:
  • GF Value™: CHF66.44 vs. price of CHF74.72 (12.5% above fair value)
  • GF Score™: 91/100 with 5 warning signs

No single metric tells the full story. See the XSWX:NDAQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nasdaq Business Description

Address 151 West 42nd Street, Floors 26, 27, 28, New York, NY, USA, 10036
Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its trading business (about 22.5% of sales), the company sells market and financial data to investors, offers Nasdaq-branded indexes, and lists companies through its capital access segment (42.5%). Nasdaq's newest segment, financial technology, was primarily constructed through the acquisitions of Verafin and Adenza and has expanded the company into capital management, financial crime, and regulatory compliance software (35%) as it seeks to become a diversified technology company.
91GF Score

Get the complete analysis for XSWX:NDAQ

Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF74.72
Price
CHF66.44
GF Value